Heineken's Tiger beer takeover approved
- Published: 28 Sep 2012 at 11.49
- Online news:
SINGAPORE - Shareholders in the parent company of the Singapore-based brewer that makes Tiger beer approved its takeover by Heineken on Friday, increasing the Dutch giant's footprint in the growing Asian market.
Cans of Tiger beer (top L), brewed by Asia Pacific Breweries (APB), are seen alongside others, including Dutch beer Heineken (top R), at a convenience store in Singapore. Shareholders in the parent company of the Singapore-based brewer that makes Tiger Beer on Friday approved the firm's takeover by Heineken.
The vote at Fraser and Neave (F&N) will see Heineken pay Sg$5.6 billion ($4.6 billion) for its 40 percent stake in Asia-Pacific Breweries (APB), which also makes the popular Bintang beer.
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